The Reserve Bank will soon put in place a mechanism to facilitate settlement of trading in corproate and other bonds through a clearing house, a move that will infuse transparency and encourage development ofbond market, SEBI Chairman C B Bhave said on Thursday...
SEBI will shortly issue guidelines for overseas investors, seeking to register as a sub-account under the foreign corporate category, two people familiar with the development told ET. Sub-account includes those foreign corporates, foreign individuals and institutions, funds or portfolios, established or inc..
Now, if a company wants to list its debt instruments on a stock exchange to facilitate their tradings, it will have to maintain assets to the tune of the total value of the listed instruments to provide 100% security cover, said Sebi on Monday in its guidelines..
In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Ce..
The accounting regulator the Institute of Chartered Accountants of India (ICAI) has constituted an expert group to suggest sector-specific accounting norms for insurance companies. The move aims at ensuring that financial statements o..
The Serious Fraud Investigation Office in its report on the Satyam fraud has suggested that the RBI should come out with definite guidelines for banks to issue balance confirmation certificates (BCC), to help auditors verify company accounts. &quo..
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The Supreme Court has ruled that an insurance company cannot issue a policy from a future date without the consent of the insured. "The insurance company cannot issue a policy unilaterally from a future date without the consent of the holder of a policy. A policy, however, which is issued from a future..
The Central Board of Excise and Customs (CBDT) asked traders to take to the e-payment solution launched by it. In order to expand the facility to more areas the board was in the process of connecting all its offices through WAN. Addressing the inaugural of a two-day workshop on e-payment and automatio..
The Reserve Bank of India (RBI) has asked banks to review their existing policies for lending to micro and small enterprises (MSEs) and frame norms for restructuring sick units that are potentially viable. RBI also said that banks should frame policies on extension of credit facilities and non-discret..
The two-judge bench of the Supreme Court has referred to a l..
PVT BANKS' FDI ISSUE IN THE COURT OF FINMIN, ..
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